You Are Told That a 5 Percent Increase in the Price

Multiple Choice

You are told that a 5 percent increase in the price of a good increases the quantity supplied by 10 percent after one month.Supply of this good is ________.This good is most likely produced using productive resources that are ________.

A) inelastic;plentiful or easily obtained
B) decreasing;unique or rare
C) elastic;plentiful or easily obtained
D) unit elastic;unique or rare
E) elastic;unique or rare